About System.One
System.One is a venture capital firm founded in 2016. It is primarily based out of Berlin, Germany. As of Sep 2025, System.One has invested in 16 companies. It primarily invests in Seed round in Germany based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Mondoo Overall, System.One portfolio has seen 1 unicorn and 3 acquisitions including key companies like Lemon Markets, N8n and Garden. A lot of funds co-invest with System.One, with names like Tiny sharing a substantial percentage of its portfolio. System.One has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
System.One's List of Top Investments
System.One has a portfolio of 16 companies, one of which is a Unicorn. Their most notable investments are in Mondoo and ENLYZE.Their portfolio spans across Germany, United Kingdom, United States and 1 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 7 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by System.One:
1. Vay
Platform focused on remote-driven mobility and transportation technology. It develops systems that allow vehicles to be operated remotely, enabling new models of transport and fleet operations. The platform supports safer, more flexible mobility by combining connectivity, sensing, and real-time control.
Key facts about Vay
API-based automated trading solutions for brokers. The platform allows users to create their own brokerage experience with an API that allows them to start trading in multiple global stocks and ETFs.
Key facts about Lemon Markets
3. N8n
Developer of workflow automation software for building integrated technical processes. It offers a fair‑code workflow automation platform that combines visual, no‑code building with the flexibility to add custom code and AI components, and it supports self‑hosting or a managed cloud offering.
Key facts about N8n
4. deepset
Developer of a platform for building custom artificial intelligence solutions. The platform offers tools for data indexing, visual pipeline building, stakeholder testing, governance, and deployment. It supports retrieval augmented generation, intelligent document processing, enterprise search, and text-to-SQL capabilities. The platform is designed to enable the creation of custom artificial intelligence agents and workflows.
Key facts about deepset
- Founded Year: 2018
- Location: Berlin (Germany)
- Stage: Series B
- Total Funding till date: $45.6M
- Employee Count: 85 as on Jul 31, 2026
- Investors: Deep Learning, Acequia Capital and 15 Others
- Latest Funding Round: Series B, Aug 09, 2023, $*****
- Highlight: Editors' Pick
5. Mondoo
Platform offering cyber risk and vulnerability assessment solutions. A security platform for DevSecOps teams who want to find and fix security vulnerabilities and misconfigurations before they reach production. It helps to find and assess vulnerabilities across your clouds, containers, Kubernetes, OS, and SaaS applications. You also have access to our official Certified CIS policies to make sure you comply.
Key facts about Mondoo
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $32.5M
- Employee Count: 42 as on Jul 31, 2026
- Investors: Atomico, HV Capital and 12 Others
- Latest Funding Round: Series A, Sep 30, 2025, $*****
- Highlight: Editors' Pick
System.One's Year-on-Year Investment Trends
System.One has invested in 16 companies over the last 7 years, with an average of 1 new investment annually in the last 5 years. In 2025, it made 1 investment. Its most recent first time investment was in Deta and most recent follow-on round was in Mondoo.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 1 | 1 |
2024 | 0 | 1 | 1 |
2023 | 2 | 1 | 3 |
2022 | 2 | 2 | 4 |
2021 | 4 | 0 | 4 |
2020 | 3 | 0 | 3 |
2019 | 4 | 0 | 4 |
System.One's Investments by Stage
System.One has made 14 investments in Seed stage with an average round size of $4.15M and 1 investment in Series A stage with an average round size of $30M.Stage of entry | No. of Investments |
|---|---|
Seed | 14 |
Series A | 1 |
Note: We have considered here, only first round of investments
System.One's Investments by Sector
System.One has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Vertical SaaS and Industrial Goods and Manufacturing. Notably, it has invested in 15 Enterprise (B2B) companies, 15 Software companies, 15 Tech companies and at least 11 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 13 |
Enterprise Infrastructure | 6 |
High Tech | 5 |
Vertical SaaS | 3 |
Industrial Goods and Manufacturing | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
System.One's Investments by Geography
System.One has made most investments in Germany (10), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
Germany | 10 |
United Kingdom | 2 |
United States | 2 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
System.One's recent investments
System.One has not made any investment in 2026 so far.Here are the most recent investments by System.One:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2025 | United States | Series A | 9220 | [+3] | |
Jul 11, 2024 | Germany | Series A | 2081 | [+4] | |
Oct 10, 2023 | Germany | Seed | 8909 | ||
Aug 31, 2023 | United Kingdom | Seed | 1826 | [+1] | |
Aug 09, 2023 | Germany | Series B | 3252 | [+3] |
Unicorns in System.One's Portfolio
System.One has 1 unicorn in its portfolio - N8n. The most recent unicorn in their portfolio is N8n which became a unicorn in 2025, 5 years after System.One first invested in it.Here is a list of unicorns in System.One's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Developer of workflow automation software for building integrated technical processes | 2019 | Berlin | Series C | ngzoxeu |
Acquired companies in System.One's Portfolio
3 companies from System.One's portfolio have been acquired. The most recent acquisition was Lemon Markets in Aug 2025 by Dwpbank for $*****.Here are System.One's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 07, 2025 | Apr 04, 2022 | Seed | 5475 | |
May 22, 2025 | Apr 30, 2019 | Seed | 5150 | |
Nov 04, 2024 | Nov 17, 2020 | Seed | 6709 |
Team profile of System.One
System.One has a team of 2 members located in Germany. System.One's team does not sit on the board of any company as of now.Co-investors of System.One
Over the past 7 years, 121 investors have co-invested in System.One's portfolio companies. This includes funds and angels.
- Invested before System.One: Fly Ventures and Free University of Berlin have invested in rounds before System.One. There is 1 company where Fly Ventures has invested before System.One and 1 company where Free University of Berlin has invested before System.One.
- Top Co-investors of System.One: 66 investors entered a company along with System.One. These include investors like Tiny (5 companies).
- Invested after System.One: A total of 53 investors have invested in System.One's portfolio after their investments. Top Investors include Harpoon (2 companies), HV Capital (2 companies) and T.Capital (2 companies).
Recent News related to System.One
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LocalGlobe leads EUR2.5m investment round in data privacy company ApherisPrivate Equity Wire•Aug 21, 2020•Apheris, LocalGlobe, Dig Ventures, System One and 3 others
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